Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all part with work shown! also please try to keep it organized and easy to understand! thank you. Currently, the company markets its

please answer all part with work shown! also please try to keep it organized and easy to understand! thank you.
Currently, the company markets its products in the United States, Canada, Australia, Japan, and Belgium. For the following: When required, round your answers to the nearest cent.
What is the expected per-unit cost including the markup (the price charged)?
$
per unit
Should Nutratask accept the price offered by the prospective customer?
Suppose Nutratask and the prospective customer agree on a price of cost plus 30 percent. What is the gross profit that Nutratask expects to earn on the job?
$ Suppose that the actual costs of producing 300 kg of potassium aspartate were as follows: Round your intermediate and final
answers to the nearest cent.
What is the actual per-unit cost?
!
per unit
The bid price is based on expected costs. How much did Nutratask gain (or lose) because of the actual costs differing from the expected costs?
review of data analytic types.)
analysis is used to help Lanny determine the actual cost of the previous jobs.
analysis will be used to help Lanny determine the budgeted cost of the proposed order.
blending, the mix is put on long trays and sent to the drying room, where it is allowed to dry until the moisture content is 7 to 9 percent. Drying time for most products is from one to three days.
customer specifications. The powder is then placed in heavy cardboard drums and shipped to the customer (or, if requested, put in tablet or capsule form and then shipped).
The theoretical yield is 300 kg .
Lanny also reviewed past jobs that were similar to the requested order and discovered that the expected direct labor time was 16 hours. The production workers at Nutratask earn an average of $12.50 per hour.
Purchasing sent Lanny a list of prices for the materials needed for the job.
Overhead is applied using a companywide rate based on direct labor dollars. The rate for the current period is 110 percent of direct labor dollars.
is thriving, and Nutratask is operating at capacity.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Origins Of Accounting Culture The Venetian Connection

Authors: Massimo Sargiacomo

1st Edition

0367734710, 9780367734718

More Books

Students also viewed these Accounting questions